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SF landlord - $100,000 annual income required to qualify


               
2014 May 6, 2:54am   1,645 views  8 comments

by dublin hillz   follow (1)  

http://blog.sfgate.com/stew/2014/05/05/s-f-landlord-make-100k-or-get-out/

And this is in Lower Haight hood - not exactly the cream of the crop.

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1   RentingForHalfTheCost   2014 May 6, 3:00am  

Man this is going to be bad when it crashes. Lets hope that housing crash and the earthquake don't hit the bay area at the same time. All while the Giants lose in the world series. Triple whammy.

The smartest, most productive and connected person in SF should earn about 100k. Wait for it...

2   myob   2014 May 6, 3:25am  

$100,000 a year - that would be a lot of state employees, BART drivers and janitors, tech people, finance people. The landlord isn't limiting their prospects all that much :)

3   bubblesitter   2014 May 6, 3:26am  

That's easy. Even illegal aliens qualify.

4   RentingForHalfTheCost   2014 May 6, 4:16am  

myob says

$100,000 a year - that would be a lot of state employees, BART drivers and janitors, tech people, finance people. The landlord isn't limiting their prospects all that much :)

If you are making less than 100k/yr and living in SF then you are probably homeless or living in someone's basement. 100k is less than 100 oz of gold, so really isn't much. It'll probably pay for the land your detached garage sits on (san garage).

5   dublin hillz   2014 May 6, 4:26am  

Isn't fillmore outright hood, maybe not as bad as bayview/hunters point but next in line?

6   donjumpsuit   2014 May 6, 4:36am  

I would immediately stop paying rent.

Because why meet my obligations if I don't post qualify?

7   dublin hillz   2014 May 6, 5:01am  

donjumpsuit says

I would immediately stop paying rent.


Because why meet my obligations if I don't post qualify?

Maybe have a brick mansion style shootout lol

8   corntrollio   2014 May 6, 8:51am  

dublin hillz says

Isn't fillmore outright hood, maybe not as bad as bayview/hunters point but next in line?

This landlord is in the Lower Haight -- south of Oak St. and roughly between Divis/Castro and Octavia. Note that the Lower Haight is to the *east* of Haight-Ashbury, not to the south, because this area is literally lower.

You're probably thinking of the part of Western Addition between roughly Geary and Turk N/S and Divis and Gough E/W. That part is not great. Hard to say how it compares to some of the ghetto southern neighborhoods like Bayview/Hunter's Point, but the projects make it sketchy. Some pizza places won't deliver to this particular part of Western Addition, just like they won't deliver to the Tenderloin.

It's not that weird for some landlords to have income requirements. I've definitely heard of landlords saying your annual salary must be either 3X or 4X the monthly rent. My friend rented at one place that said either your salary must be 3X or your co-signer's must be 4X.

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